I always say, “Great ideas are abundant; great execution is rare.” To have a chance at great execution, your business (or business idea) must have IDEAL conditions. That’s my acronym for the ingredients of a successful business model that can sustain itself and grow.
More of the details later, but for now I’ll just introduce you to the components of the acronym IDEAL:
- I = Initiative
- D = Differentiation
- E = Economics
- A = Advantage
- L = Loyalty
Stay tuned! I’ll write more about each letter, in future posts.
What are your thoughts?